Regulation Reference | Program Term | Certification Process | Eligibility Requirements | Benefits | ||||||
---|---|---|---|---|---|---|---|---|---|---|
8(a) 13 CFR 124 | 9 years | Electronic application and supporting documents via certify.sba.gov | -Must be a small business -Must be unconditionally owned and controlled by one or more socially and economically disadvantaged individuals who are of good character and citizens of the U.S. -Must demonstrate potential for success -Initially, the individual's net worth, after excluding the individual's equity in the firm and the equity in the primary residence, may not exceed $750,000. SBA will also consider the individual's average two-year income, fair market value of all assets, access to credit and capital, and the financial condition of the applicant firm in evaluating economic disadvantage. | -Sole-source and competitive contracting opportunities -Mentor Protégé / Joint Ventures | ||||||
HUBZone 13 CFR 126 | No program timeline - Continued program compliance | Formal electronic application via General Login System | -Must be a small business -Principal office must be located in HUBZone -Must be owned and controlled by one or more U.S. citizens -35% of employees must reside in HUBZone | -Restricted bidding opportunities (competitive, sole-source) -10% price evaluation preference on full and open contracts -Mentor Protégé / Joint Ventures | ||||||
Women-Owned Small Business (WOSB) 13 CFR 127 | No program timeline - Continued program compliance | Formal certification by SBA via beta.certify.sba.gov | -At least 51% directly owned and controlled by one or more women that are US citizens -Must qualify as a small business for primary industry NAICS -Woman must highest officer position and manage firm on full-time basis and make long-term decisions -EDWOSB eligibility: personal net worth <$750,000, adjusted gross income over last 3 years <$350,000 and fair market value of all assets <$6 million | -Sole-source and competitive contracting opportunities -Mentor Protégé / Joint Ventures | ||||||